Global Aluminum Chlorohydrate Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028
“Global Aluminum Chlorohydrate Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global aluminum chlorohydrate market report has been segmented on the basis of product type, source, end-use industry, function, and region.
Global Aluminum Chlorohydrate Market: Overview
Aluminum chlorohydrate is widely used in water purification in order to remove dissolved organic materials. Aluminum Chlorohydrate is one of the 18 aluminum-based active ingredients approved by Food and Drug Association for commercial use. Aluminum chlorohydrate reduces the amount of sweat on skin surface and the ingredient also creates a skin environment which is hostile for the growth of malodor-producing bacteria that helps to reduce underarm odor. Aluminum chlorohydrate is normally prepared from virgin aluminum, mined and purified from naturally occurring mineral bauxite. This process is very energy intensive, creates greenhouse gases and the mineral supply is finite.
Global Aluminum Chlorohydrate Market: Dynamics
Flourishing cosmetic industry in developed and developing countries, coupled with increasing adoption of aluminum salts as an active antiperspirant agent in various cosmetic products is a major factor expected to drive growth of the global aluminum chlorohydrate market.
In addition, increasing government investments in water treatment plants, rising number of water treatment plants in developing countries is resulting in increasing adoption of aluminum chlorohydrate as a coagulant in order to remove dissolved organic matter and colloidal particles. These are some other factors expected to further support growth of the global market to certain extent. For instance, in 2017, according to the Federal and Government of British Columbia, federal government invested US$ 450.1 Mn in municipalities for water and wastewater treatment across British Columbia.
However, availability of various alternatives such as aluminum chloride and aluminum dichlorohydrate is a major factor expected to hamper growth of the global market.
Increasing investments by major players for R&D activities is expected to create potential revenue opportunities for players operating in the global market over the forecast period. In addition, increasing strategic expansion activities through mergers and acquisitions in order to increase profit share is expected to further support growth of the market.
Global Aluminum Chlorohydrate Market: Segment Analysis
Among the type segments, the dry segment is expected to dominate in the target market over the forecast period.
Among the application segments, the cosmetic segment is expected to dominate in the target market over the forecast period.
Global Aluminum Chlorohydrate Market: Region
The market in North America is expected to dominate in the global market, and is expected to continue its dominance over the forecast period. This can be attributed to increasing demand from cosmetic industry and presence of major players operating in the countries in this region. In addition, growing partnerships and agreements between regional and international players is expected to further support growth of the target market in this region.
The market in Asia Pacific is expected to register faster growth, owing to increasing investment in water treatment plants and presence of prominent players operating in emerging economies in this region. In addition, increasing government expenditure on pharmaceutical sector, coupled with increasing demand for aluminum chlorohydrate from pharmaceutical sector is another factor expected to support growth of the target market in this region.
Global Aluminum Chlorohydrate Market: Segmentation:
Segmentation by type
Segmentation by application
- Water Treatment
Segmentation by region
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Chemtrade Logistics Inc.
- Kemira Oyj
- R. Grace & Co.
- ALTIVIA Chemicals, LLC
- USALCO, LLC
- Gulbrandsen Chemicals, Inc.
- Parchem Construction Supplies Pty Ltd.
- Summit Chemicals Holding Corporation
- Holland Company, Inc.
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